Sleep Specialists

Sleep Specialists Buys Building to Continue Aiding Sleepless

Sleep Specialists, Margaret Moen, MD, has moved into their new building at 457 Munson Ave in Traverse City, MI.  This building will be used for the diagnosis of sleep disorders with clients from the Northern Michigan area close to Traverse City.   The goal of Sleep Specialists is to provide a caring team approach to their clients to help them sleep through the night and awake with a refreshed mind and restored body.    Dr. Moen purchased and renovated her building utilizing a Small Business Administration loan in partnership with Economic Development Foundation and Northwestern Bank.

Sleep Specialists received an SBA 504 loan, which is a program to promote small business growth, allowing for a lower down payment and a fixed rate for the life of the loan.  The better terms the 504 loan provide can foster growth for small businesses like Sleep Specialists allowing them to purchase their own buildings, land or equipment.

Sandy Bloem, President of Economic Development Foundation, states “as a woman owned business, Sleep Specialists, fits perfectly into the goals of the SBA 504 program.  To encourage and enhance the opportunities for all small business owners to grow and build on what they have started.”

The SBA 504 loan is designed to finance the purchase of land, buildings or equipment with a low down payment and a low fixed rate for up to 20 years.  Economic Development Foundation is a non-profit formed in 1981 that will work with small businesses and partner financial institutions to walk them through the process of getting an US Small Business Administration 504 loan.  Call 616-459-4825 for further information or info@growmichigan.com.

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